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Nazim is 56 years old and married with a son and three daughters. He and other members of his family are refugees and live in an IDP (internally displaced person) settlement.

He is a farmer and has gained good experience working in this field for 30 years. He raises greens and other sorts of seasonal vegetables and sells them at the local bazaar. His monthly income is 150 AZN.

People prepare different delicious dishes using fresh vegetables. They also like to cook fried vegetables like pomidor dolmasi and badimcan dolmasi. Nazim’s grocery is very popular because everybody knows that his vegetables are always fresh and were raised without any pesticides.

Unfortunately, Nazim’s income isn’t enough to cover his family’s cost of living. He needs money to provide for his children's education. He also wants to repair his old house.

He applied for a 2,000 AZN loan in order to buy new varities of vegetable seeds and increase his harvest. He hopes that the expansion of his small business will provide a good income to cover his family’s financial demands.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.


About Azerbaijan

  • $10,800
    Average annual income
  • 53
    View loans »
    Azerbaijan Loans Fundraising
  • $14,698,475
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Nazim to buy new varieties of vegetable seeds and increase harvest.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 12, 2014
Feb 17, 2014
Currency Exchange Loss:
Sep 17, 2015